FIFE, Wash.--March 7, 2005--Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that, following the successful licensing of the Company's auction business in British Columbia in 2002, it has initiated a plan to franchise the Company's liquidation and auction operations nationally.

The move by Ableauctions to license its technology and business model underlines the Company's intent to achieve continuous business growth and create a number of additional outlets, while sharing advertising costs and economies of scale attained through increased purchasing power. The franchise concept, if successful, may also develop not only an income revenue to Ableauctions from the initial licensing fees, but because the proposed agreements are based on a percentage of revenue of each of the Ableauctions franchisees, may also provide a continuous income stream from each of the franchised locations.

The Company believes it can capitalize on what it considers to be a growing demand for its liquidation operations and auction broadcasting services, and could enable Ableauctions to expand faster than through organic expansion alone.

A key ingredient to this expansion strategy is the development of a smaller version of the Company's revenue model, currently consisting of three distinct segments: the operation of a retail liquidation outlet store, the provision of live auction and Internet broadcasting services, and the resale of large volume surplus inventory to resellers. The development of the smaller model makes it easy for auction houses or franchisees to adopt the model. Based on preliminary feedback from the franchise industry, the Company believes it has one of the most unique models to ever enter the franchise space.

The Company's franchise concept not only includes specific facility requirements, specific equipment requirements and the exclusive use of the Company and its affiliate's technology, but it also includes a proprietary training program developed by the Company for the auction and liquidation market.

The Company intends to complete the development phase of the franchise program in the second quarter of 2005 and begin selling the first two franchises in the third quarter of 2005. Until Ableauctions demonstrates that its concept is a safe and sure bet in at least two independent markets, management believes it premature to project how soon Ableauctions will roll-out additional franchises. The Company realized over $500,000 in consideration from its 2002 licensing agreement with a British Columbia company to sub-license the name "Able Auctions" for the purpose of conducting live auctions in British Columbia.

For more information on the Ableauctions franchise expansion, contact franchise@ableauctions.com

About Ableauctions.com

Ableauctions.com is a high-tech auctioneer that conducts auctions live and simultaneously broadcasts them over the Internet. With the experience of over 3,000 auctions, the Company has developed state-of-the-art technology to broadcast Internet auctions (www.ableauctions.com/technology) and currently provides technology and related services to auction houses, enabling them to broadcast auctions over the Internet. For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations at investorrelations@ableauctions.com.